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Home ON Kitchener - Cambridge - Waterloo Waterloo Central
60 MARSHALL Street
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$1,999,000
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60 MARSHALL Street
Waterloo, Ontario N2J2T4

MLS® Number: 40268915
20
Bedrooms
8
Bathrooms

Description

$153,000+ Gross Income Available Here! This apartment building features spacious units with oversized bedrooms, massive common areas. Two bathrooms per unit. Very clean. Individual meters for water, electricity and gas. Front Roof done in 2015. Back roof done in 2020. Driveway repaved in 2020. Unit B and Unit C freshly painted. In floor heating in the lower levels of Units A and D. Great central location with close proximity to Uptown and walking distance to both Universities. RMU-20 zoning may allow for further, future re-development. Original building expanded and significantly renovated in 2004. Rental-licensed exempt building! Fully occupied with written leases in place to at least end of April, 2023. Rare, positive cash flow with 35 percent down. Investor work sheet with full financials applied to contemporary financing available! Further optimize the building’s bottom line by: offloading utility costs to new tenants on re-rental and charging for parking. Solid investment opportunity in one of the Perennially Best Towns in Ontario to Invest In! (64742425)

Location Description

NEAR CORNER OF MARSHALL STREET AND BRIGHTON STREET, TWO MINUTE WALK TO WLU

Property Summary

Property Type
Multi-family
Building Type
Fourplex
Storeys
2
Subdivision Name
116 - Glenridge/Lincoln Heights
Title
Freehold
Land Size
under 1/2 acre
Built in
1959
Time on REALTOR.ca
77 days

Building

Bathrooms
Total
8
Interior Features
Appliances Included
Freezer, Water meter
Basement Type
Full (Finished)
Building Features
Features
Paved driveway, Laundry- Coin operated
Foundation Type
Poured Concrete
Fire Protection
Smoke Detectors
Floor Space
4606
Rental Equipment
Water Heater
Total Units
4
Heating & Cooling
Cooling
None
Heating Type
Forced air, (Natural gas)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Neighbourhood Features
Amenities Nearby
Place of Worship, Schools

Land

Lot Features
Frontage
58 ft
Land Depth
146 ft
Other Property Information
Zoning Description
RMU-20
Data provided by: Kitchener-Waterloo Association of REALTORS® 540 Riverbend Drive, Kitchener, Ontario N2K 3S2

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